The impact of policy elements on the financing costs of RE investment: The case of wind power in Germany
Renewable energy support mechanisms affect the attractiveness of projects by influencing uncertainties in revenues or expenditures and ultimately result in a change in the financing costs. The influence of feed-in tariffs on financing costs was investigated. 26 wind onshore investors were surveyed in a conjoint analysis and the results were used in a cash flow model to quantify the impact. The introduction of premium models under a fixed remuneration tariff scheme seems to increase the financing costs considerably.
|Date of creation:||2011|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://isi.fraunhofer.de/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wiser, Ryan H., 1997. "Renewable energy finance and project ownership : The impact of alternative development structures on the cost of wind power," Energy Policy, Elsevier, vol. 25(1), pages 15-27, January.
- Mitchell, C. & Bauknecht, D. & Connor, P.M., 2006. "Effectiveness through risk reduction: a comparison of the renewable obligation in England and Wales and the feed-in system in Germany," Energy Policy, Elsevier, vol. 34(3), pages 297-305, February.
- Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132.
- Butler, L. & Neuhoff, K., 2005.
"Comparison of Feed in Tariff, Quota and Auction Mechanisms to Support Wind Power Development,"
Cambridge Working Papers in Economics
0503, Faculty of Economics, University of Cambridge.
- Butler, Lucy & Neuhoff, Karsten, 2008. "Comparison of feed-in tariff, quota and auction mechanisms to support wind power development," Renewable Energy, Elsevier, vol. 33(8), pages 1854-1867.
- Wiser, Ryan H. & Pickle, Steven J., 1998. "Financing investments in renewable energy : the impacts of policy design," Renewable and Sustainable Energy Reviews, Elsevier, vol. 2(4), pages 361-386, December.
- Desarbo, Wayne & macmillan, Ian C. & Day, Diana L., 1987. "Criteria for corporate venturing: Importance assigned by managers," Journal of Business Venturing, Elsevier, vol. 2(4), pages 329-350.
- Streckiene, Giedre & Martinaitis, Vytautas & Andersen, Anders N. & Katz, Jonas, 2009. "Feasibility of CHP-plants with thermal stores in the German spot market," Applied Energy, Elsevier, vol. 86(11), pages 2308-2316, November.
- Dinica, Valentina, 2006. "Support systems for the diffusion of renewable energy technologies--an investor perspective," Energy Policy, Elsevier, vol. 34(4), pages 461-480, March.
- Adamowicz W. & Louviere J. & Williams M., 1994. "Combining Revealed and Stated Preference Methods for Valuing Environmental Amenities," Journal of Environmental Economics and Management, Elsevier, vol. 26(3), pages 271-292, May.
- Fernando San Miguel & Mandy Ryan & Emma McIntosh, 2000. "Applying conjoint analysis in economic evaluations: an application to menorrhagia," Applied Economics, Taylor & Francis Journals, vol. 32(7), pages 823-833.
- Johnson, F. Reed & Desvousges, William H., 1997. "Estimating Stated Preferences with Rated-Pair Data: Environmental, Health, and Employment Effects of Energy Programs," Journal of Environmental Economics and Management, Elsevier, vol. 34(1), pages 79-99, September.
- Menanteau, Philippe & Finon, Dominique & Lamy, Marie-Laure, 2003. "Prices versus quantities: choosing policies for promoting the development of renewable energy," Energy Policy, Elsevier, vol. 31(8), pages 799-812, June.
- Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
- Ole Langniß & Jochen Diekmann & Ulrike Lehr, 2008.
"Advanced Mechanisms for the Promotion of Renewable Energy: Models for the Future Evolution of the German Renewable Energy Act,"
Discussion Papers of DIW Berlin
826, DIW Berlin, German Institute for Economic Research.
- Langni, Ole & Diekmann, Jochen & Lehr, Ulrike, 2009. "Advanced mechanisms for the promotion of renewable energy--Models for the future evolution of the German Renewable Energy Act," Energy Policy, Elsevier, vol. 37(4), pages 1289-1297, April.
- Couture, Toby & Gagnon, Yves, 2010. "An analysis of feed-in tariff remuneration models: Implications for renewable energy investment," Energy Policy, Elsevier, vol. 38(2), pages 955-965, February.
When requesting a correction, please mention this item's handle: RePEc:zbw:fisisi:s112011. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.